With VS 2010 we are simplifying the product lineup and pricing options of Visual Studio, as well as adding new benefits for MSDN subscribers.  With VS 2010 we will now ship a simpler set of SKU options:

Visual Studio Express: Free Express SKUs for Web, VB, C#, and C++

Visual Studio 2010 Professional with MSDN: Professional development tools as you are used to today with the addition of source control integration, bug tracking, build automation, and more. It also includes 50 hours/month of Azure cloud computing.

Visual Studio 2010 Premium with MSDN: Premium has everything in Professional plus advanced development tools (including richer profiling and debugging, code coverage, code analysis and testing prioritization), advanced database support, UI testing, and more.  Rather than buying multiple “Team” SKUs like you would with VS 2008, you can now get this combination of features in one box with VS 2010. It also includes 100 hours/month of Azure cloud computing.

Visual Studio 2010 Ultimate with MSDN: Ultimate has everything in Premium plus additional advanced features for developers, testers, and architects including features like Intellitrace (formerly Historical Debugging), the new architecture tools (UML, discovery), test lab management, etc.  It also includes 250 hours/month of Azure cloud computing.